Worthington Enterprises, Inc. (NYSE:WOR) Given Average Rating of “Hold” by Brokerages

Worthington Enterprises, Inc. (NYSE:WOR) has been assigned a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $61.00.

Several research firms have recently issued reports on WOR. Weiss Ratings reissued a “hold (c)” rating on shares of Worthington Enterprises in a report on Wednesday, January 21st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $69.00 price target on shares of Worthington Enterprises in a research note on Thursday, March 26th. Finally, Wall Street Zen raised shares of Worthington Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th.

Institutional Trading of Worthington Enterprises

Several large investors have recently made changes to their positions in WOR. Allworth Financial LP raised its position in Worthington Enterprises by 872.0% during the fourth quarter. Allworth Financial LP now owns 486 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 436 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Worthington Enterprises by 61.0% during the third quarter. Hantz Financial Services Inc. now owns 525 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 199 shares during the last quarter. McMillan Office Inc. acquired a new stake in shares of Worthington Enterprises in the 4th quarter valued at $31,000. Farther Finance Advisors LLC increased its stake in shares of Worthington Enterprises by 81.3% in the 4th quarter. Farther Finance Advisors LLC now owns 678 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 304 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Worthington Enterprises by 823.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 757 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 675 shares during the last quarter. Institutional investors and hedge funds own 51.59% of the company’s stock.

Worthington Enterprises Trading Up 0.9%

Shares of WOR stock opened at $51.15 on Tuesday. The stock has a market cap of $2.53 billion, a P/E ratio of 22.73 and a beta of 1.32. Worthington Enterprises has a 1 year low of $43.35 and a 1 year high of $70.91. The company has a current ratio of 2.36, a quick ratio of 1.44 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $53.75 and a 200 day simple moving average of $54.80.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data on Tuesday, March 24th. The industrial products company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. The firm had revenue of $378.68 million for the quarter, compared to analyst estimates of $349.41 million. Worthington Enterprises had a return on equity of 17.74% and a net margin of 8.42%.The company’s revenue was up 24.4% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. On average, research analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

Worthington Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a $0.19 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.76 annualized dividend and a dividend yield of 1.5%. Worthington Enterprises’s payout ratio is presently 33.78%.

Worthington Enterprises Company Profile

Worthington Enterprises (NYSE:WOR) is a diversified metal manufacturing company that produces pressure vessels, engineered assemblies and fabricated metal products. The company’s portfolio includes the design and manufacture of cylinders for compressed gases, such as propane, natural gas and hydrogen, as well as transport tanks and other pressure-containment solutions for the industrial gas, energy and transportation markets. In addition to its pressure vessel operations, Worthington Enterprises offers metal processing and distribution services, supplying coil, sheet and plate products to customers across multiple industries.

Founded in 1955 and headquartered in Columbus, Ohio, Worthington Enterprises has grown from a single steel processing facility into a multi‐division organization with operations in the United States, Canada and Mexico.